Annapolis, Md. (August 24, 2022) – Realterm announces the acquisition of a 5.0-acre secured parking and storage facility located at 13819 Slover Avenue in Fontana, Calif. The well-designed facility in the Inland Empire provides 24/7 access to a safe, secure and fenced property with gated entry and exit points.
“This high-quality facility offers a prime location in the sought-after Inland Empire market which has more than 600,000,000 square feet of industrial warehouse space and a persistent demand for parking,” said Jack Falk, Acquisitions, Realterm. “It is a valuable and unique addition to our portfolio and allows us to continue our commitment to acquiring the most functional supply chain properties in key locations across the country.”
13819 Slover Ave. features a 2,154-square-foot office and a 1,264-square-foot storage space. It offers easy access to I-10, I-15 and CA-60 and is on the same road as, and five miles from, Union Pacific Intermodal.
"In-fill facilities like this in the Inland Empire are increasingly scarce, and demand for these is quite strong, as evidenced by the low vacancy rate," said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. "Given its proximity to major highways and intermodal yards, the property is well-suited for LTL trucking, fleet maintenance, transload, private fleet, EV charging, and warehouse users. Realterm has recently acquired three other properties within 10 miles of 13819 Slover Ave., and we remain bullish on the strength of the submarket."
Highlights of 13819 Slover Avenue include:
- Land area: 5.0 acres
- Access: I-10, I-15, CA-60, Union Pacific Intermodal and Ontario International Airport
The deal was brokered by Kent Choi at Gateway Business Properties.
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